Current:Home > StocksWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -Zenith Investment School
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date:2025-04-12 15:42:07
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The company offered few specifics about the course of its restructuring, but noted in its filing that it was requesting the ability to cancel leases in particular locations that WeWork described as largely non-operational. All affected members have received advanced notice, the company said in a late Monday announcement.
veryGood! (22)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Alabama's Kalen DeBoer won't imitate LSU's Brian Kelly and adopt fake southern accent
- Archaeologists say single word inscribed on iron knife is oldest writing ever found in Denmark
- Why 'I Am Jazz' star Jazz Jennings feels 'happier and healthier' after 70-pound weight loss
- Global Warming Set the Stage for Los Angeles Fires
- NYC issues public health advisory about social media, designates it an environmental health toxin due to its impact on kids
- Hillary Clinton calls Margot Robbie and Greta Gerwig 'more than Kenough' after Oscars snub
- 'Feud: Capote vs. The Swans': Premiere date, cast, trailer, what to know about new season
- Trump's 'stop
- Antisemitic acts have risen sharply in Belgium since the Israel-Hamas war began
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Florida House passes a bill to ban social media accounts for children under 16
- Japan’s precision moon lander has hit its target, but it appears to be upside-down
- Jim Harbaugh buyout: What Michigan football is owed as coach is hired by Chargers
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Washington and Baghdad plan to hold talks soon to end presence of US-led coalition in Iraq
- Michael Mann’s Defamation Case Against Deniers Finally Reaches Trial
- Harbaugh returning to NFL to coach Chargers after leading Michigan to national title, AP sources say
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Maine’s top court dismisses appeal of judge’s decision on Trump ballot status
North Korea says it tested a new cruise missile in the latest example of its expanding capabilities
Doomsday clock time for 2024 remains at 90 seconds to midnight. Here's what that means.
Don't let hackers fool you with a 'scam
Danny Masterson denied bail, judge says actor has 'every incentive to flee': Reports
'Zone of Interest': How the Oscar-nominated Holocaust drama depicts an 'ambient genocide'
As he returns to the NFL, Jim Harbaugh leaves college football with a legacy of success